Wind, sun could eclipse fossil fuels for electric power by 2030 The United States could slash greenhouse gas emissions from power production by up to 78 per cent below 1990 levels within 15 years while meeting increased demand, according to a new study by NOAA and University of Colorado Boulder researchers. The study used a […]
Rapid, affordable energy transformation possible – NOAA study Read More »
Increase to Alberta’s GDP of $505 million/year, 179,000 person-years of employment created from just one 100,000 b/d partial upgrader Full upgrading of Alberta oil sands bitumen has proven too costly in most cases, but a new study from the University of Calgary finds that the economics of partial upgrading are very beneficial to the industry and
New partial upgrading tech could yield billions for Alberta oil sands Read More »
LNG prices buoyed by fresh buying, tenders MILAN, Jan 6 (Reuters) – Asian spot LNG prices were buoyed by new purchases and tenders but stayed below recent two-year highs this week as two outage-hit plants resumed output. The price of LNG for February delivery rose to $9.75 per million British thermal units (mmBtu), 25 cents above
LNG prices edge higher as returning production weighs Read More »
Statoil says campaign characterised as a ‘failure’ OSLO, Jan 6 (Reuters) – Norway’s Statoil is considering whether to end its costly search for oil and gas in the U.S. Gulf of Mexico, the company’s exploration chief told financial daily Dagens Naeringsliv (DN) on Friday. The company has been part of several discoveries in the region as a junior
Statoil may stop drilling in U.S. Gulf of Mexico Read More »
China tax waivers covers key onshore, offshore drilling and production equipment BEIJING, Jan 6 (Reuters) – China is extending tax waivers for importing key drilling and production equipment for both onshore and offshore oil and gas development, the Ministry of Finance said on Friday. The ministry said Chinese manufacturers are unable to make the equipment, such
China tax waivers for oil, gas drilling equipment extended to 2020 Read More »
Will the US cede leadership on climate change to China or Europe? By Laurie Goering LONDON, Jan 6 (Thomson Reuters Foundation) – With the world facing the hottest global temperatures since the advent of record-keeping, 2016 was a year of accelerating international action to address climate change – though one ultimately capped by the U.S.
Climate change focus shifts as Trump moves in, China charges ahead Read More »
Shell rules out settlement in Nigerian oil spill By Karolin Schaps and Libby George LONDON, Jan 6 (Reuters) – A court in London will decide in coming weeks whether Royal Dutch Shell can face trial in the UK over oil spill allegations in Nigeria, a decision some legal experts predict could attract more cases against multinationals
Shell battles Nigerian communities in high-stakes London lawsuit Read More »
Over 155,000 US energy jobs lost in the past two years Jan 6 (Reuters) – The number of US energy jobs grew in November, the sector’s first monthly employment increase in more than two years as oil and natural gas drillers returned to the well pad due to a rally in crude prices, according to U.S.
US energy jobs rise for 1st time in over 2 yrs as oil rallies Read More »
Rig count up to 529 Jan 6 (Reuters) – U.S. energy companies this week added oil rigs for a tenth week in a row, extending the drilling recovery into an eighth month as crude prices remained near an 18-month high. Drillers added four oil rigs in the week to Jan. 6, bringing the total count
US rig count up for 10th week in a row: Banker Hughes Read More »
Brent crude oil prices top $57/barrel By Devika Krishna Kumar NEW YORK, Jan 6 (Reuters) – Oil rose slightly on Friday as investors bought futures ahead of the weekend, but a strong U.S. dollar limited gains, as did lingering doubts about whether all OPEC producers would cut output in line with an agreement. Trading was choppy,
Oil prices edge up, but strong dollar, OPEC cut doubts weigh Read More »
